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Pandemic crisis: Malaysia takāful market

Objective: The unprecedented COVID-19 outbreak has led the global economy to a new conundrum which has adversely impacted Takāful market in several forms including liquidity impact, financial market vitality as well as solvency capital. This paper discusses Takāful market in Malaysia during unpreced...

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Main Authors: Mahadi, Nur Farhah, Ismail, Azman
Format: Conference or Workshop Item
Language:English
English
Published: 2020
Subjects:
HG3368 Islamic Banking and Finance
HG8719 Islamic Insurance Takaful
Online Access:http://irep.iium.edu.my/87392/7/87392_Pandemic%20crisis.pdf
http://irep.iium.edu.my/87392/8/87392_Pandemic%20crisis.certificate.pdf
http://irep.iium.edu.my/87392/
https://www.iium.edu.my/institute/iiibf/online-conference-isfpcps-september-2020
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spelling my.iium.irep.873922020-12-30T16:41:08Z http://irep.iium.edu.my/87392/ Pandemic crisis: Malaysia takāful market Mahadi, Nur Farhah Ismail, Azman HG3368 Islamic Banking and Finance HG8719 Islamic Insurance Takaful Objective: The unprecedented COVID-19 outbreak has led the global economy to a new conundrum which has adversely impacted Takāful market in several forms including liquidity impact, financial market vitality as well as solvency capital. This paper discusses Takāful market in Malaysia during unprecedented COVID-19 crisis from the Economic and Sharīʽah point of views. Methods: The qualitative technique will be used to bring both primary (semistructured interview of experts) and secondary (documentary content analysis) published data into the context of this research. The data will be analysed using qualitative content, narrative, and discourse analysis to provide its findings and discussion. Results: By understanding the importance of entrusting Bank Negara Malaysia in fulfilling its “raison d’etre” in resolving Covid-19, we can further enhance the support to BNM who has taken the initiative to direct the insurance and takāful industry to initiate adequate response to assist policyholders and participants during the outbreaks as well to ensure its positive impact in Takāful market per se, but its efforts to stabilize and strengthen the socio-economic as well. Conclusion: Eventually, this study may also motivate Takāful practitioners, academicians, and the society at large to appreciate the importance of entrusting the authorities in resolving the economic crisis during this plague and further provide crystal clear understanding on Takāful market during the outbreak 2020-09-29 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/87392/7/87392_Pandemic%20crisis.pdf application/pdf en http://irep.iium.edu.my/87392/8/87392_Pandemic%20crisis.certificate.pdf Mahadi, Nur Farhah and Ismail, Azman (2020) Pandemic crisis: Malaysia takāful market. In: Islamic Social Finance: Pandemic Crisis and Possible Solutions (ISFPCPS 2020), 29th -30th September 2020, Kuala Lumpur, Malaysia. (Unpublished) https://www.iium.edu.my/institute/iiibf/online-conference-isfpcps-september-2020
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HG3368 Islamic Banking and Finance
HG8719 Islamic Insurance Takaful
spellingShingle HG3368 Islamic Banking and Finance
HG8719 Islamic Insurance Takaful
Mahadi, Nur Farhah
Ismail, Azman
Pandemic crisis: Malaysia takāful market
description Objective: The unprecedented COVID-19 outbreak has led the global economy to a new conundrum which has adversely impacted Takāful market in several forms including liquidity impact, financial market vitality as well as solvency capital. This paper discusses Takāful market in Malaysia during unprecedented COVID-19 crisis from the Economic and Sharīʽah point of views. Methods: The qualitative technique will be used to bring both primary (semistructured interview of experts) and secondary (documentary content analysis) published data into the context of this research. The data will be analysed using qualitative content, narrative, and discourse analysis to provide its findings and discussion. Results: By understanding the importance of entrusting Bank Negara Malaysia in fulfilling its “raison d’etre” in resolving Covid-19, we can further enhance the support to BNM who has taken the initiative to direct the insurance and takāful industry to initiate adequate response to assist policyholders and participants during the outbreaks as well to ensure its positive impact in Takāful market per se, but its efforts to stabilize and strengthen the socio-economic as well. Conclusion: Eventually, this study may also motivate Takāful practitioners, academicians, and the society at large to appreciate the importance of entrusting the authorities in resolving the economic crisis during this plague and further provide crystal clear understanding on Takāful market during the outbreak
format Conference or Workshop Item
author Mahadi, Nur Farhah
Ismail, Azman
author_facet Mahadi, Nur Farhah
Ismail, Azman
author_sort Mahadi, Nur Farhah
title Pandemic crisis: Malaysia takāful market
title_short Pandemic crisis: Malaysia takāful market
title_full Pandemic crisis: Malaysia takāful market
title_fullStr Pandemic crisis: Malaysia takāful market
title_full_unstemmed Pandemic crisis: Malaysia takāful market
title_sort pandemic crisis: malaysia takāful market
publishDate 2020
url http://irep.iium.edu.my/87392/7/87392_Pandemic%20crisis.pdf
http://irep.iium.edu.my/87392/8/87392_Pandemic%20crisis.certificate.pdf
http://irep.iium.edu.my/87392/
https://www.iium.edu.my/institute/iiibf/online-conference-isfpcps-september-2020
_version_ 1688547788773654528
score 13.211869

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